Cibc World Markets Corp Acquires Shares of 26,790 StoneCo Ltd. (NASDAQ:STNE)

Cibc World Markets Corp acquired a new stake in shares of StoneCo Ltd. (NASDAQ:STNE - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 26,790 shares of the company's stock, valued at approximately $214,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in STNE. Jones Financial Companies Lllp boosted its holdings in shares of StoneCo by 254.7% in the 4th quarter. Jones Financial Companies Lllp now owns 4,256 shares of the company's stock valued at $34,000 after buying an additional 3,056 shares in the last quarter. Newbridge Financial Services Group Inc. boosted its stake in StoneCo by 166.7% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 6,400 shares of the company's stock valued at $51,000 after acquiring an additional 4,000 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in StoneCo in the fourth quarter worth $56,000. Skandinaviska Enskilda Banken AB publ increased its position in shares of StoneCo by 31.6% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 7,500 shares of the company's stock worth $59,000 after purchasing an additional 1,800 shares in the last quarter. Finally, KBC Group NV purchased a new stake in shares of StoneCo during the 4th quarter valued at $73,000. Hedge funds and other institutional investors own 73.19% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Morgan Stanley upped their target price on StoneCo from $5.70 to $6.00 and gave the company an "underweight" rating in a research report on Friday, March 21st. The Goldman Sachs Group dropped their price target on StoneCo from $16.00 to $14.00 and set a "buy" rating on the stock in a research note on Thursday, February 6th. Wells Fargo & Company raised shares of StoneCo from an "equal weight" rating to an "overweight" rating in a research report on Wednesday, March 19th. JPMorgan Chase & Co. lowered their target price on shares of StoneCo from $21.00 to $15.00 and set an "overweight" rating for the company in a research note on Monday, December 16th. Finally, Barclays upped their price target on shares of StoneCo from $10.00 to $12.00 and gave the company an "equal weight" rating in a research note on Friday, March 21st. One analyst has rated the stock with a sell rating, two have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, StoneCo currently has a consensus rating of "Moderate Buy" and an average price target of $14.50.

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StoneCo Stock Performance

Shares of STNE stock traded down $0.46 on Friday, hitting $10.99. The company had a trading volume of 5,650,882 shares, compared to its average volume of 5,573,738. StoneCo Ltd. has a twelve month low of $7.72 and a twelve month high of $17.93. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.47. The firm has a market cap of $3.40 billion, a P/E ratio of 8.59, a price-to-earnings-growth ratio of 0.41 and a beta of 2.33. The company has a 50-day moving average price of $9.65 and a 200-day moving average price of $9.92.

StoneCo (NASDAQ:STNE - Get Free Report) last announced its quarterly earnings results on Tuesday, March 18th. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.32 by $0.07. StoneCo had a return on equity of 13.92% and a net margin of 16.02%. The company had revenue of $582.20 million during the quarter, compared to the consensus estimate of $3.59 billion. As a group, equities research analysts predict that StoneCo Ltd. will post 1.16 earnings per share for the current fiscal year.

About StoneCo

StoneCo Ltd. provides financial technology and software solutions to merchants and integrated partners to conduct electronic commerce across in-store, online, and mobile channels in Brazil. It distributes its solutions, principally through proprietary Stone Hubs, which offer hyper-local sales and services; and sells solutions to brick-and-mortar and digital merchants through sales team.